TransRe Selects MetricStream's Risk and Compliance Management Software
MetricStream delivers consolidated approach to enterprise risk management for
global reinsurer
PR Newswire
PALO ALTO, Calif., Sept. 5, 2013
PALO ALTO, Calif., Sept. 5, 2013 /PRNewswire/ -- When a leading global
reinsurer needed an integrated, flexible solution for its risk and compliance
management needs, it turned to MetricStream.
Julian Spence, TransRe's Chief Risk Officer, explains: "Enterprise Risk
Management is an evolving discipline, and one that touches every part of our
organization. As a multi-billion dollar business operating from 24 offices
around the world, we need a risk and compliance platform that combines
flexibility, ease of use with an intuitive, automated reporting capability.
MetricStream's federated information architecture is well suited to our
needs."
"We are delighted to support TransRe in integrating their risk and compliance
processes," said Gaurav Kapoor, Chief Operating Officer at MetricStream. He
continued, "Through our experience with clients in the financial services
sector, and in particular (re)insurance, we were able to offer TransRe the
package of solutions and expertise they needed to help support their business
decisions and reporting requirements."
MetricStream's federated information architecture offers the flexibility
needed to support the full range of risk and compliance processes, enables
multiple reporting facilities, and links to existing enterprise. In doing so,
it supports global operations. By bringing together all risk management and
compliance activities into a common enterprise-wide framework, TransRe will
benefit from enhanced process efficiency and transparency: in tracking
regulatory changes, identifying and scoping risks, conducting risk-control
self-assessments, risk monitoring and risk reporting. The architecture allows
greater collaboration across business units, while maintaining the ability to
deliver separate, local specific requirements. In doing so, manual processes
are automated, best practices are more easily identified and shared, and more
time is freed to focus on risk analysis. Company-wide dashboards will enable
real-time tracking of risk assessments, Key Risk Indicators (KRIs), and risk
mitigation activities, as well as providing support for decision-making.
In addition to risk and compliance, MetricStream's federated information
architecture supports audit management, financial compliance management,
regulatory exams management, vendor governance, IT security.
About TransRe
TransRe is the brand name for Transatlantic Holdings, Inc. and its
subsidiaries (including Transatlantic Reinsurance Company). TransRe, wholly
owned by Alleghany Corporation, is a reinsurance organization headquartered in
New York with operations worldwide. Since 1978, TransRe has been offering its
clients the capacity, expertise and creativity necessary to structure programs
across the full spectrum of property and casualty risks. Visit www.transre.com
for additional information.
About MetricStream
MetricStream is a market leader in Enterprise-wide Governance, Risk,
Compliance (GRC) and Quality Management Solutions for global corporations.
MetricStream solutions are used by leading corporations such as UBS, P&G,
Constellation Energy, Pfizer, Philips, BAE Systems, Twitter, SanDisk, Cummins
and Sonic Automotive in diverse industries such as Financial Services,
Healthcare, Life Sciences, Energy and Utilities, Food, Retail, CPG,
Government, Hi-tech and Manufacturing to manage their risk management
programs, quality processes, regulatory and industry-mandated compliance and
corporate governance initiatives, as well as several million compliance
professionals worldwide via the www.ComplianceOnline.com portal. MetricStream
is headquartered in Palo Alto, California and can be reached
atwww.metricstream.com.
Media contact:
Mr. Vinay Bapna
+1 650-620-2955
Email
Read more news from MetricStream.
SOURCE MetricStream
Website: http://www.metricstream.com